The Four Functions of Money – Crypto and MMT
As we have continue our journey into the cryptocurrency world, holding crypto on our balance sheet and our small mining operation, we have thought about what money really is. To … Read More
Category: Tutorials
Accumulated Depreciation is a Permanent Account
We have addressed depreciation in a number of our accounting tutorials, for example our article covering depreciation on non-current assets; however we wanted to look specifically at the accumulated depreciation … Read More
Dividend Withholding Tax Journal Entry
In today’s accounting tutorial article we will be looking at what the journal entry is for dealing with withholding tax when a dividend is being paid and when received. Ensuring … Read More
Premium on Bonds Payable Journal Entry
Following on from our article that looked at the discount side, today’s accounting tutorial series we look at the journal entry and calculations required when a premium on a bonds … Read More
Is Prepaid Rent an Asset or Liability?
Not an uncommon question we see come up around prepaid rent is the question of “is it asset or a liability?”. This of course depends on whether you are the … Read More
Discount on Bonds Payable Journal Entry
In today’s accounting tutorial we look into how a discount can arise on a bonds payable issuance and in particular the calculations and journal entry. We will cover what these … Read More
Debentures in the Trial Balance
A question we see come up sometimes is that around debentures, in particular what are they, what are their journal entries and where are they in the trial balance. So … Read More